Treasuries rally as oil prices plunge nearly 20% in May, easing inflation fears and pulling the 30-year yield down from 5.18% to 5.00% as traders reprice

US Treasury yields fell to 4.53% as oil prices dropped over 5% following the Israel-Iran ceasefire, easing inflation fears ahead of CPI data release.

Treasuries rally as oil prices plunge nearly 20% in May, easing inflation fears and pulling the 30-year yield down from 5.18% to 5.00% as traders reprice

Shares of power producers ticked up as Treasury yields tumbled.